LONDON, Aug. 7 /CNW/ - Convergence Technologies Group Inc. today debuts
onto the Pink Sheets OTC (OTC: CNVG) with an established sales pipeline
currently valued at $1.758M. Centred on UK subsidiary Voice 2 Voice Limited,
Convergence Technology Group Inc are leaders in the field of Converged
Communications Technology, delivering flexible and efficient communication
strategies and equipment to companies on a local, national and international
Established in 2003 by CEO Warren Stroud, Voice 2 Voice is partnered with
leading global VOIP equipment specialists, including Avaya and Splicecom. The
Company has been profitable every year from inception, with rapid growth in
2007 moving the company past annual break even in June. The Pink Sheets launch
coinciding with future expansion plans.
Voice 2 Voice delivers design, supply, install, maintain and consultancy
contracts for telecommunications and integrated voice networks. Combining
telecommunications focus with a dynamic and flexible approach to meeting
customers' business needs has helped Voice 2 Voice build a reputation for
first class service and support.
Over recent years Voice 2 Voice has established a wide and prestigious
customer base that includes premier organisations drawn from many sectors both
public and private. Voice 2 Voice allows small and large businesses to become
more professional in communicating with staff, customers and suppliers by
providing a converged communications service for data, voice, video, mobile
and line of business applications.
Voice 2 Voice brief summary:
- Designs, supplies, installs, maintains and consults on specialist
Converged communications systems for voice, date, mobile, video and
line of business applications
- Profitable every year since inception.
- Voice 2 Voice turnover forecast to grow 58% July 2007 -
September 2007, further 89% growth October 2007 - December 2007.
- Negligible debt, total of $35,833.56.
- Sales pipeline currently valued at $1.758M
- IDC Western European VOIP Applications forecast for Western European
VOIP Market Value will be $2.25 billion by 2011.
A full corporate overview including current financial and sales pipeline
information is available on the Investor Relations page at
For more information please visit
To contact the company, please use the online contact form.
This news release contains forward-looking statements that are subject to
certain risks and uncertainties that may cause actual results to differ
materially from those projected on the basis of such forward-looking
statements. The words "estimate," "project," "intends," "expects," "believes,"
and similar expressions are intended to identify forward-looking statements.
Such forward-looking statements are made based on management's beliefs, as
well as assumptions made by, and information currently available to,
management pursuant to the "safe-harbour" provisions of the Private Securities
Litigation Reform Act of 1995. For a more complete description of these and
other risk factors that may affect the future performance of Convergence
Technologies Group Inc. see "Risk Factors" in the Company's Annual Report on
Form 10-KSB and its other filings with the Securities and Exchange Commission.
Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date made and the Company undertakes no
obligation to disclose any revision to these forward-looking statements to
reflect events or circumstances after the date made or to reflect the
occurrence of unanticipated events.
For further information:
For further information: Convergence Technologies Group Inc, Investor
relations Team, +44-845-241-8399